Galena Park's real estate market is experiencing a price correction, with values down 23.9% from last year. Home prices have decreased 11.0% in the past month. With 26 active listings, inventory is 53% higher than seasonal norms. Transaction volume is up 50% compared to what's typically expected this time of year. Only 7.7% of listings saw price reductions, suggesting sellers are confident in their pricing. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Galena Park market with the affordability index at 74.9. Based on current market indicators, home prices in Galena Park are projected to increase by approximately 12.3% over the next month.